Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1887-01-22
THE COM MITTEE
To Examine the state Treasurer's Accounts
Report.

The committee to examine the State treas
ursr's accounts have made their report and
we give the following abstract:
TREAsURERs OFFICE,
AUGUSTA, January u. 1887. !
To the Honorable Governor and Erecutire
Council.
The committee appointed by the Governor
and Council to examine the accounts of the
State treasurer, as femhodied in his annual
report for the year ending Dec. 81, 1886.
have carefully examined the books in the
office of the State treasurer and found them
correctly cast and properly vouched.
His statement and account of receipts and
expenditures Of the public money tor said
year, as stated in his report were found to be
correct.
The amount of cash on hand at the close
of the year was S3lS.S As; of this sum
5000, 700. % was on deposit in sound and re-
liable banks within the State. and in the
Suffolk National Bank of Boston, and S9,-
Isl % in the safe in the office of the treas
urer. The State receives interest on its de-
posits in banks out of the State; the revenue
from that source last year amounted to the sum
of ST 100. OIL. The committee, in compliance
with law destroyed by burning, in the pres
ence of the treasurer, all coupons paid by
the State treasurer, on account of the public
debt, during the yeBr 1886, amounting to the
sum of Sl56. .3ll 90, as charged on his books,
exclusive of Sl56, 90 interest paid on
registered bonds, vouchers for which werr on
| file in his office; also the bOnds of the State
paid during the year, amounting to the sum
of $50 900 90; also all bonds and coupons
thereto attached that were converted into
registered bonds by the State treasurer dur
/ ti,a
gether with registered bonds received by
| the State treasurer for reissue, amounting to
S57 100000.
The sin king fund account which is repre-
sented on the books of the office as amount
ing to 81, 10, ,390.57, was found correct The
securities in which the sinking fund is in
vested, were examined and found to agree
with the treasurer statement of that fund.
The committee find in the hands of the
the State treasurer trust funds deposited by
the Mutual Union Life Insurance Company
as required by chapter 40, section 81, revised
statutes, for the benefit of ali policy holders
in said company, amounting to the sum OF
800, 100000, and the same is invested in
United States registered bonds.
They also find in charge Of the State treas
urer trust funds held for the benefit of the
Agricultural College, amounting to the sum
! OF OIL foUOOo Invested III State OF Maine
| bonds.
There is also on deposit with the State
treasurer Sl3, 800. 90 in cash, placed there by
the Maine Benefit Association, for the protec-
tion of its certificate holders, as provided in
section 5, chapter 504. laws of 1885; also
1852. 10 cash. placed there during tie year
by the Provident Aid Society, as provided in
section 6, chapter sos, laws of 1885.
The books in the treasury department are
properly kept, and all papers and vouchers
pertaining to the business of the Office were
properly filed and numbered.
| The committee in the discharge Of their
official duties received valuable assistance
| from the State treasurer and his efficient
clerks.
Respectfully submitted,
s. c. HATCH,
RUFUs PRINCE,
FRED W. RITCHIE, Committee.
HENRY INGALLS,,
A. r. BIxBY,
KBHNEBEc s.. January 2l, 1887.
Subscribed and sworn to before me,
c. j. HOUSE,
Justice of the Peace.